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Pros and cons of buying vs apartment renting

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a new discussion on the age old debate of whether you should rent or buy


ChristianPF's picture
43 weeks 4 days ago – Made popular 43 weeks 3 days ago
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Pros and cons of buying vs apartment renting

Purple 1971's picture

Purple 1971 43 weeks 5 hours 19 min 58 sec ago

I was thinking about renting an apartment and renting out my home. May sound crazy but no one is going to buy my home because of the neighborhood. I purchased a new construction home 7 years ago, now I want a better neighborhood and school system and I don't know what else to do! I knew all this when I purchased but I received so many incentives I overlooked these most important items, now I'm stuck. Financially what is most important?

Is your neighborhood

MoneyNing's picture

MoneyNing 43 weeks 1 hour 41 min 38 sec ago

Is your neighborhood deserted? There are people living around there right? I think for the right price / incentive someone will buy.

No it is not deserted, I have

Purple 1971's picture

Purple 1971 42 weeks 5 days 10 hours 39 min ago

No it is not deserted, I have older neighbors and live across the street from a rec center. There is alot of poverty in this area, it is much better then a couple of years ago, there a many projects that are going on to bring the neighborhood back, but is going to take time. When I purchased I was told about 5-10 years.

But that's a good thing

MoneyNing's picture

MoneyNing 42 weeks 3 days 9 hours 35 min ago

If you can afford to wait another 5-10 years, you could be looking at profitable sale.

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